September 10, 2019 

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SHIPPING RATES & BUNKERS

SHIPPING RATES & BUNKERS ( 10:30am ET )
       
DIRTY TANKER (KT - $/day) VOYAGE SPOT TCE EARNINGS 2019 AVG. RATE
VLCC, 270   AG-FE 25,800 22,500
Suezmax, 130  WAF-UKC 10,800 12,800
Aframax, 70 CAR-USG 18,300 9,900
Panamax, 50  CAR-USG 16,000 15,900
       
CLEAN TANKER (KT - $/day) VOYAGE SPOT TCE EARNINGS 2019 AVG. RATE
MR, 37  UKC-USAC 5,600 10,500
MR, 38  USG-UKC 1,800 3,600
       
TIME CHARTER (KDWT) 1YR ECO RATE ($/day) NEWBUILD PRICE ($M ) SECONDHAND 5YR PRICE ($M)
VLCC , 200+ 38,000 91.5 69.0
Suezmax, 130-200 27,000 62.0 50.0
Aframax, 80-130 23,750 51.0 36.0
LR2, 80-130 24,000 53.0 37.0
LR1, 60-80 18,500 43.0 30.0
MR, 42-60 17,000 36.0 28.5
Handymax. 30-42 14,500 34.0 23.0
       
US FLAG (KT - $/day) VOYAGE WEEKLY SPOT RATE 2019 AVG. RATE
Handy, 38 USG-USAC 59,444 63,144
       
LNG ($/day) WEEKLY SPOT RATE CURRENT MONTH RATE 2019 AVG. RATE
160M3 Tri-fuel diesel electric (West) 70,000 67,000 56,735
138-150M3 Steam turbine (West) 49,000 46,750 39,382
160M3 Tri-fuel diesel electric (East) 67,000 64,250 53,912
138-150M3 Steam turbine (East) 46,000 44,000 36,706
       
LPG (KT) LAST POSTED SPOT RATE ($/mt) SPOT TCE RATE ($/day)  
VLGC, 44 (AG-Japan) 59.71 45,707  
       
BUNKERS ($/mt) IFO 380  MDO   
US Gulf 314.5 589.5  
Rotterdam 308.0 543.0  
Singapore 451.5 573.0  

ENERGY NEWS

Who will make money on the second wave of US LNG?

US LNG projects have made significant commercial progress in the last year. There is no longer any question about whether there will be a second wave – it is a reality.

Hellenic Shipping September 9, 2019 

 

It’s 1986 Again as Saudi King Removes Energy Chief: Oil Strategy

A Saudi ruler replaces his oil minister for failing to deliver high enough prices as demand growth weakens and non-OPEC supply soars.

Bloomberg September 9, 2019

The World’s Oil Glut Is Much Worse Than It Looks

A meeting of ministers from OPEC states and their oil-producing allies will take place in Abu Dhabi this week. It will probably be a subdued affair. 

Yahoo Finance September 9, 2019

 

Putin pushes idea of Russian gas supplies to China via Mongolia

Russian President Vladimir Putin told the head of state-controlled Gazprom (GAZP.MM) to consider making Russian gas exports to China via Mongolia, the Kremlin said on Monday.

Reuters September 9, 2019

COMMODITIES

COMMODITIES, (8:30 am CT )
         
CRUDE SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
Brent  ICE $/bbl 63.18 +0.59
WTI NYMEX $/bbl 58.46 +0.61
Dubai (Spot) Reuters $/bbl 0.00 -
         
PRODUCTS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
RBOB Gasoline  NYMEX ₵/gal 160.19 +1.73
Heating Oil  NYMEX ₵/gal 194.60 +1.83
         
NATURAL GAS SOURCE UNIT LAST PRICE Δ PRIOR DAY CLOSE
US Henry Hub  NYMEX $/MMBtu 2.63 +0.04
UK National Balancing Point ICE $/MMBtu 4.40 +0.47
         
NATURAL GAS  LIQUIDS SOURCE LAST PRICE (₵/gal) LAST PRICE ($/mt) Δ PRIOR DAY CLOSE(₵/gal)
US Mont Belvieu Propane (Spot) Reuters 45.00 234.45 +1.50
         
PRICE SPREADS ($/bbl) SOURCE LAST PRICE Δ PRIOR DAY CLOSE
Brent 3-2-1 Crack  ICE 3.30 -0.01

MARKETS

MARKETS
         
EQUITIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
S&P 500 United States 2,978.43 -0.28
FTSE 100 United Kingdom 7,236.71 +0.90
DAX Germany 12,253.12 +27.02
SH Composite China 3,021.20 -3.54
         
CURRENCIES REGION/COUNTRY LAST VALUE Δ PRIOR DAY CLOSE
£/$ United Kingdom 1.24 +0.00
€/$ European Union 1.10 -0.00
$/JPY ¥ Japan 107.35 +0.12
$/CNY ¥ China 7.10 -0.02

MARKET ANALYSIS

LNG:At least three vessels were fixed this week for September and October deliveries in the Far East basis spot voyages and multimonth charters. In addition, at least four  vessels are currently on subjects on the back of structural needs for loadings both East and West of Suez during Q4 2019.


Asphalt: Gibson Energy, Moosejaw refinery expansion completed (See Industry News).



                                                       
              POTEN EVENTS

September 11-12: S&P Global Platts 9th Annual NGLs Conference. Poten will be Exhibitors.

September 17-19: Gas Tech Exhibition & Conference

October 21-22: LNG Infrastructure Development Summit Tech Exhibition & Conference. Silver Sponsor.

 
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